Xinhua recently reported that, during the month of July, the four largest Chinese commercial banks saw a significant decline in the amount of RMB 1.5 trillion (around US$244 billion) in savings deposits. Based on an analysis of the inter-bank market, the flow of money was found to be growing tighter during the month of July. Experts said they have noticed a trend. The general public’s savings rate has been dropping and banks have been facing tougher and tougher competition for customers. Since the central bank expressed the concern that the market already consumed the excessive credit volume from the second quarter, all financial organizations are expecting a tighter situation in the third quarter.